The Ikeler Property

Price: $7,900 per acre
County: Lee

Contact Details
Josh Waddell
Mobile: 815-751-0439
Phone: 815-756-3606
Email: Josh.Waddell@mgw.us.com

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Property Details

location
The subject farm is located approximately 58 miles southwest of Chicago O'Hare International Airport partially within the village of Paw Paw. Nearby towns include: Earlville (5 1/2 miles southeast), Compton (5 1/2 miles west), and Shabbona (6 1/2 miles northeast).
frontage
There is approximately 150 feet of road frontage on Chicago Road.
major highways
Interstate 39/U.S. Route 51 is located 2 1/2 miles northwest, U.S. Route 30 is 5 miles north, U.S. Route 34 is 6 3/4 miles south, and Illinois Route 23 is 10 3/4 miles east of the property.
legal description
A brief legal description indicates The Ikeler Property is located in Part of the Southwest Quarter of Section 11 and Part of the East Half of Section 14, Township 37 North - Range 2 East (Wyoming Township), Lee County, Illinois.
total acres
There are a total of 48 acres, more or less.
tillable acres
There are approximately 35 tillable acres, with the potential for additional tillable acres on the northwest portion of the property.
soil types
The major soil type found on this farm is Senachwine silt loam.
topography
The topography of the subject farm is level to gently rolling.
location climate growing season
Lee County has a continental climate typical of northern Illinois. The average length of the growing season is nearly 173 days. On average we expect about 2,750 growing degree days from April 23 through October 15. Annual precipitation averages about 35" with over two-thirds of this coming during the growing season. Snowfall averages about 35" per year. Prevailing winds are from the west-northwest. This climate, combined with the generally excellent soils in this area, provides a nearly ideal environment for the production of corn and soybeans.
mineral rights
All mineral rights owned by the seller will be transferred in their entirety to the new owner.
possession
Possession will be given at closing, subject to the terms and conditions set forth in a purchase contract.
price terms
The asking price is $7,900 per acre. The owners are seeking a cash sale. A 10% earnest money deposit should accompany any offer to purchase.
financing
Mortgage financing is available from several sources. Names and addresses will be provided upon request.
taxes
The tax parcel numbers are #18-14-126-004 and part of #18-14-200-010.
grain markets
There are a number of grain markets located within 10 miles of The Ikeler Property.
zoning
The Ikeler Property is zoned R-1 Residential & A-1 Agricultural.
comments
Excellent investment opportunity. Future development potential with productive income-producing tillable land.

Soils Information

Soil # Soil Name Acres +/- Productivity Index* Weighted Average Corn Yield Index* Gross Bushels
618C2Senachwine silt loam24.721001363,362
618BSenachwine silt loam9.551061451,385
154AFlanagan silt l oam0.4214419481
Total Acres : 48.00 acres, more or less
Tillable Acres : 34.69 acres, or 72.27% per FSA figures
Productivity Index : 102.18
Weighted Average Corn Yield Index : 139.18 bushels per acre, based on tillable acres
Comparable Yield Index : 100.59 bushels per acre, based on total acres

Disclaimer: Although the information contained in this brochure is considered to be accurate, no representation or warranty to that effect is being made. The information contained herein is subject to verification, and no liability for errors or omissions is assumed. The listing may be withdrawn with or without notice, and the stated price and terms are subject to change without notice or approval. The Seller further reserves the right to reject any and all offers. All inquiries, inspection appointments, and offers must be channeled through the Seller’s Designated Agent.

*Figures taken from the University of Illinois Bulletin 811, Optimum Crop Productivity Ratings for Illinois Soils.

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